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| --- | --- | --- |
|   | (i) | be on the same terms as the original insurance and will include the provisions of this Schedule;  |

  




|  |  |  |
| --- | --- | --- |
|   | (ii) | provide that notwithstanding any bankruptcy, insolvency, liquidation, dissolution or similar proceedings of or affecting the reinsured that the reinsurers’ liability will be to
make such payments as would have fallen due under the relevant policy of reinsurance if the reinsured had (immediately before such bankruptcy, insolvency, liquidation, dissolution or similar proceedings) discharged its obligations in full under the
original insurance policies in respect of which the then relevant policy of reinsurance has been effected; and  |

  




|  |  |  |
| --- | --- | --- |
|   | (iii) | contain a “cut-through” clause in substantially the following form:  |